Acquisition
Price	$3,200,000
-Loans	$2,297,457
Down Payment	$902,543
+Acq Costs	$16,000
+Loan Points	$0
Investment	$918,543
Total SqFt	20000
**APOD Projected is the (Jan 11 - Dec 11) cash flow (first 12 months).

Ratios
Capitalization Rate	8.65%
This APOD Capitalization Rate has been calculated by using the First 12 Months NOI 276720 (shown below). Divide by Purchase Price $3,200,000 and convert to a percentage equaling 8.65%. close
Gross Income Multiplier	8.78
This APOD Gross Income Multiplier has been calculated by using the Purchase Price $3,200,000 divided by First 12 Months Gross Income 364284 (shown below). The result equals 8.78. close
Cash on Cash	5.02%
This APOD Cash on Cash has been calculated by using the First 12 Months Net Operating Cash Flow 46122 (shown below). Divide by (Downpayment $902,543 + Acq Costs $16,000 + Loan Points $0) and convert to a percentage equaling 5.02%. close
Debt Coverage Ratio	1.200
This APOD Debt Coverage Ratio has been calculated by using the First 12 Months NOI 276720 (shown below). Divide by First 12 Months Total Debt Service 230604 equlaing the ratio of 1.200 close
Price/SqFt	$160
This Price/SqFt has been calculated by using the Purchase Price $3,200,000 divided by Total Square Feet 20000 which equals $160. close
Loans to Value	71.80%
This APOD Loans to Value has been calculated by using the loans $2,297,457 divided by Purchase Price $3,200,000 and convert to a percentage equaling 71.80%. close
Loans Constant	10.04%
This APOD Loans Constant has been calculated by using the Total Debt Service 230604 divided by loans $2,297,457 and convert to a percentage equaling 10.04%. close
Loans/SqFt	$115
This APOD Loans/SqFt has been calculated by using the Loans $2,297,457 divided by Total Square Feet 20000 which equals $115. close

	$/SqFt	% of GI	Annual $
Gross Incomehide
201 Office (10000 sf)	$12.00	32.9%	$120,010
102 Drug Store (7500 sf)	$12.60	25.9%	$94,500
103 Beauty Salon (2000 sf)	$15.77	8.7%	$31,545
104 Donuts (2000 sf)	$14.50	8.0%	$29,004
105 Flowers (1000 sf)	$15.00	4.1%	$14,997

Base Rental Revenue	$14.50	79.6%	$290,056
Percentage Rent	$0.20	1.1%	$4,006
Total Reimbursements	$3.51	19.3%	$70,246
Total Gross Income	$18.21	100.0%	$364,294
Less: Vacancy & Credit Loss	$0.96	5.3%	$19,168
Effective Income	$17.26	94.7%	$345,130
Less: Expenseshide
Maintenance	$0.57	3.1%	$11,410
Insurance	$0.23	1.3%	$4,596
Property Taxes	$1.60	8.8%	$32,004
Security	$0.15	0.8%	$3,000
Utilities	$0.17	0.9%	$3,396
Management Fee	$0.70	3.8%	$14,004

Total Operating Expenses	$3.42	18.8%	$68,410
Net Operating Income	$13.84	76.0%	$276,730
Less: Debt Servicehide
Loan	$11.53	63.3%	$230,614
Total Debt Service	$11.53	63.3%	$230,614
Net Operating Cash Flow	$2.31	12.7%	$46,132